DAX Dips Ahead Of ECB Rate Decision

RTTNews | 831 days ago
DAX Dips Ahead Of ECB Rate Decision

(RTTNews) - German stocks edged lower on Thursday, with corporate earnings results and central bank decisions in focus.

After the Federal Reserve hiked interest rates again, investors looked ahead to the European Central Bank's rate decision later in the day.

In economic releases, a survey showed the upward trend in the German service sector continued at the beginning of the second quarter.

The benchmark DAX was down 33 points, or 0.2 percent, at 15,787 after rising 0.6 percent in the previous session.

BMW rallied 2.2 percent after reporting a higher earnings margin for its cars segment.

Volkswagen gained about 1 percent after confirming its FY23 view.

Biotech firm MorphoSys AG soared 7.6 percent after narrowing its Q1 loss.

Utility Uniper jumped 6.2 percent after it swung to a profit in the first quarter. Chipmaker Infineon Technologies lost 2 percent after raising its full-year guidance.

read more
Win Streak May Continue For Malaysia Stock Market

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved higher in six straight sessions, collecting more than 40 points or 2.7 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,565-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | 35 minutes ago
Overbought Japan Bourse Nonetheless Called Higher On Wednesday

Overbought Japan Bourse Nonetheless Called Higher On Wednesday

The Japan stock market had moved higher in five consecutive sessions, advancing more than 2,480 points or 6 percent along the way. The Nikkei 225 now sits just beneath the 42,720-point plateau and it has a positive lead again on Wednesday.
RTTNews | 50 minutes ago
KOSPI Poised To Halt Losing Streak

KOSPI Poised To Halt Losing Streak

The South Korea stock market has finished lower in three straight sessions, sinking more than 35 points or 1.2 percent along the way. The KOSPI now sits just beneath the 3,190-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 1h 5min ago
Australia Wage Price Data Due On Wednesday

Australia Wage Price Data Due On Wednesday

Australia will on Wednesday release Q2 data for its wage price index, highlighting a modest day for Asia-Pacific economic activity. Wages are expected to rise 0.8 percent on quarter and 3.3 percent on year, easing from 0.9 percent on quarter and 34 percent on year in the three months prior.
RTTNews | 2h 5min ago
U.S. Small Business Confidence Improves In July - NFIB

U.S. Small Business Confidence Improves In July - NFIB

Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.
RTTNews | 4h 19min ago
Swiss Market Settles Marginally Higher

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.
RTTNews | 6h 11min ago
European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.
RTTNews | 6h 31min ago